11:47 PM / Monday October 3, 2022

11 Aug 2022

Temple Health, Redeemer Health and Philadelphia College of Osteopathic Medicine Form Alliance to Acquire Chestnut Hill Hospital

  • Facebook
  • Twitter
August 11, 2022 Category: Local Posted by:

An alliance composed of Temple Health, Redeemer Health, and Philadelphia College of Osteopathic Medicine (PCOM) has signed a definitive agreement whereby a newly formed entity owned by the Alliance will acquire Chestnut Hill Hospital as part of an asset purchase transaction with Reading, PA-based Tower Health pending review and approval by regulators and the Tower Health bond holders.

“Together, our organizations bring the expertise, resources, operational excellence and skilled clinical care to ensure that Chestnut Hill Hospital remains a durable and sustainable resource for the eastern Montgomery County and northwest Philadelphia communities,” said Michael A. Young, MHA, FACHE, President & CEO of Temple Health. Temple Health will manage the newly-named Temple Health-Chestnut Hill Hospital following the acquisition.

Temple Health, Redeemer Health, and PCOM formed the Alliance to pursue collaborative affiliations that will benefit patients and add value to the communities they serve. “Our collaborative affiliation promises continued success for our organizations and those we partner with, and more importantly, for the patients and communities we serve,” said Michael B. Laign, President & CEO of Redeemer Health.

“This endeavor will help strengthen PCOM’s clinical and graduate medical education capabilities and enhance our ability to train the next generation of health professionals,” said Jay S. Feldstein, DO, President and CEO of Philadelphia College of Osteopathic Medicine. “Most importantly, Chestnut Hill Hospital will continue to serve as a critical resource for the surrounding communities.” Chestnut Hill Hospital has served the northwest Philadelphia and east Montgomery County area for more than 100 years.

“Tower Health is pleased and grateful that Chestnut Hill Hospital will continue to serve the community as part of an alliance of highly-respected and locally-based non-profit healthcare institutions,” said Tower Health President and CEO P. Sue Perrotty.

  • Facebook
  • Twitter

Leave a Comment

Recent News


Biden signs bill to avert government shutdown, aid Ukraine

October 1, 2022

Tweet Share Pin Email By KEVIN FREKING WASHINGTON (AP) — President Joe Biden signed into law Friday...


A message from Superintendent Watlington regarding the shooting outside of Roxborough High School

September 30, 2022

Tweet Share Pin Email Dear School District of Philadelphia staff and families, The School District of Philadelphia...


The Jacksons in concert on September 10

September 30, 2022

Tweet Share Pin Email (Photos/Afea Tucker) The Jacksons — Jackie, Tito, and Marlon, along with a backup...


Puerto Ricans await aid, fret about post-hurricane recovery

September 30, 2022

Tweet Share Pin Email ABOVE PHOTO: A man points to a home that was collapsed by Hurricane...

Go With The-Flo

Lil Wayne is looking to make a big profit from the sale of his waterfront Miami Beach mansion

September 30, 2022

Tweet Share Pin Email ABOVE PHOTO: Lil Wayne (Paul Smith / Featureflash / Shutterstock) By Flo Anthony...

Food And Beverage

What’s Cookin’? Vegan Shortbread Cookies

September 30, 2022

Tweet Share Pin Email Tweet Share Pin Email Related Posts What’s Cookin’? Chewy Five Ginger Spice Molasses...

The Philadelphia Sunday Sun Staff